The philanthropy established by eBay founder Pierre Omidyar will contribute $100 million to support investigative journalism, fight misinformation and counteract hate speech around the world.

One of the first contributions, $4.5 million, will go to the International Consortium of Investigative Journalists (ICIJ), the Washington-based group behind last year’s Panama Papers investigation, which revealed offshore businesses and shell corporations, some of which were used for purposes such as tax evasion.

“We think it’s really important to act now to keep dangerous trends from becoming the norm,” Stephen King, who heads the Omidyar Network’s civic engagement initiative, told The Washington Post in the philanthropic group’s first public comments on the three-year funding commitment.Image: Pierre Omidyar, founder of eBay.